Analysis: When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement...
Technical Analysis Update: In correlation with the previous Hindustan Aeronautics Ltd post, here are the latest insights for riding the upcoming bear trend: 1. Currently, we are in a crucial 1-hour Key Supply Zone. 2. Typically, supply zones result in rejection. To confirm its effectiveness, we need to observe the 1-hour CHOCH/BOS. Alternatively, we can rely on...
AUDJPY is trading is bullish parallel channel and currently trading at top of the channel which also acting as the resistance to pair. Will the bear take benefit from these confluences and push price to lower side?
I am ultimately bullish on BTC however there's need for a correction down to 25200 to complete the pattern that shoots it up above 31k so my short is at 28190 sl - 28500 also swing failure pattern seen
BINGX:BTCUSDT.PS BTC almost retest the resistance and there is two possible scenario: 1- Best case: Will support on Fibonacci 0.382. Then retest the 0.236 resistance ( topside of pitchfan and daily resistance at the same time too). I guess after that will move to fibonacci 0.5 level (25200$) 2- Worst case: Will dump straight to test the...
I am providing an update on the ongoing CADJPY sell trade. All the confirmation levels have aligned in favour of the short position, validating our initial analysis. As anticipated, the price swiftly broke below the 1dh (one-day high) and continued its downward movement, breaching the structure (4). This development confirms the bearish momentum in the...
I have to admit, most, if not all, Elliott Wavers were shot in the head this year with the rising market. Personally, I was caught off guard by the strong upmove too. For any EW and macro speculator, the upmove in 2023 don't make sense. It is irrational. In fact, it could be irrational exuberance again. But as time passes, the truth starts to unfold: the market...
What if we are just in Eth denial phase, in the middle of a massive downtrend? At the moment Eth seems to be drawing an huge bear flag. Still remember last bear market a fall from 1500 to 75 dollars. 90% drop. Why would it be different now? ETH Foundation sold 15.000 ETH this month and they normally sell it at local tops. It looks like 3 digits on the...
The volume is very low at the moment! This indicates a bigger move is coming! Last time the volume was this low, the price went from 40k to 27k in only two days! When meme coins start pumping, you know the overall rally is coming to an end. We are exactly in that phase, in my opinion. Memecoins have recently been pumping while the overall market has shown...
Is this a sign of the end of a bear market? SMA 50 is cutting above SMA 100 and SMA 100 looking flat based on Adam Khoo theory. The SMA 200 has yet to slope upwards (once this is confirmed upwards new bull market is confirmed). Some experts believed that in order to signal end of a bear market the VIX has to hit above the reading of 40 before it begins to signal...
“A bear market starts with greed, followed by confusion, sells on fear and ends with hopelessness” - By me! 'Bull markets are born on pessimism, grown on skepticism, mature on optimism, and die on euphoria." - John Templeton Apply this bear to bull transition with good market sense because some of the bears went into hibernation, not able to wake up at all, for...
Expectation is the white path, if we breakdown around June 9th then it will tank to 3700s by end of June If downside isn’t explosive and takes longer than end of June it will likely bounce (dashed path) Max upside I see is 4310 but it has the setup to drop from here directly on a sell the news June 1st when debt ceiling gets raised Any delay in a deal will be...
The price has undergone multiple retests of the lower boundary of the triangle formation, indicating a weakening trend! Considering the upward momentum observed in the DXY, a break below the triangle formation is expected. In such an event, it is anticipated that the price will reach a minimum of 24.8k. However, if the DXY continues its upward momentum and the...
It is apparent that the price has breached below the neckline and subsequently undergone a bearish retest. However, the price has failed to regain the neckline, indicating a potential shift in momentum toward the downside. Should the price further break below the support zone, there is a strong possibility of moving toward the 24k mark. Furthermore, it should be...
The volume is very low at the moment! This indicates a bigger move is coming! Last time the volume was this low, the price went from 40k to 27k in only two days! After examining the chart, it appears that the price of BTC is forming a head-and-shoulders pattern, which is typically indicative of a weakening trend. If the price breaks below the neckline, it will...
Just by looking at it it makes sense for price to hunt all those untouched liquidity , right ? but what's gonna happen next ? as i indicated here there are 4 scenarios for me , but i think 4 is the most possible one , why u ask ? well , if u follow my ideas i am bearish on BTC and i have a whole bunch of reasons and all i see here and in the recent move was...
not a financial advice, my position based on my analysis and bias.
Unfortunately, despite what I would personally love to believe and what you might believe, we are still very much in a bear market. You can see in this chart that in any bull market, we remained above the 720 Day MA. As of now we have not been able to get back above it. The positive note here is that the lower timeframe MA's have all begun to cross upward, to...